Solstice to acquire Element Solutions in $6.8B revenue combination, targets $180M+ synergies

Filed July 20, 2026 · Period ending July 20, 2026 · ~2 min read

Key Changes

• high

  Solstice Advanced Materials announced definitive agreement to acquire Element Solutions Inc, creating combined company with $6.8B in 2025 revenue and $1.7B adjusted EBITDA (including year 3 synergies), with enhanced exposure to electronics markets including advanced packaging and semiconductor materials.

  Exhibit 99.1 view on EDGAR →
• high

  Transaction expected to generate $180M+ in run-rate synergies by year 3 (potential $210M), accretive to adjusted EPS in year 1, with combined adjusted EBITDA margins expected to reach 26% (28% excluding metals pass-through) and medium-term free cash flow conversion of ~75%.

  Exhibit 99.1 view on EDGAR →
• high

  Pro forma net leverage of 3.5x at close (3.1x with synergies); management committed to deleveraging below 3.0x within 18 months and maintaining 2.0x-3.0x long-term target, with ~50% of cash flow over next 24 months allocated to debt repayment.

  Exhibit 99.1 view on EDGAR →